The application period for the Immigrant Investor Venture Capital (IIVC) Pilot Program is closed. The Department is not accepting applications at this time. If you are an international investor with the skills and abilities needed to contribute to our economy and integrate into Canadian society, you may be eligible to apply for permanent residence under the Immigrant Investor Venture Capital (IIVC) Pilot Program.
Eligibility – Immigrant Investor Venture Capital Pilot Program
You must meet all of the requirements listed below to be eligible to apply under the Immigrant Investor Venture Capital Pilot Program. You must also plan to live outside the province of Quebec.
Proof of personal net worth
CIC will require applicants whose applications can be considered for our second stage review to obtain a due diligence report at their expense from one of the following designated service providers:
The report will include the service provider’s opinion as to whether your wealth was acquired through lawful, private sector business or investment activities. Their report would also flag any potentially negative information for a CIC officer to consider.
If you are asked to obtain a due diligence report, you will be responsible for selecting a designated service provider, submitting the required documents to them, and paying the required fees. You will need to submit this report to CIC within the specified timeframe.
You do not need to obtain a due diligence report when applying to the IIVC Pilot Program. CIC will ask you to obtain this report only if your application can be considered for our second stage review.
As with any venture capital investment, you could receive proceeds over time or at the end of the investment term. Proceeds will depend on the fund's performance and will be based on its gains or losses, including expenses and fees incurred to manage it.
However, this would be an at-risk investment. This means that there is no guarantee of a return and it is possible that you could lose some or all of your investment.
Find out more about how investments to the Immigrant Investor Venture Capital Fund will be managed.Language skills
You must have:
An original ECA report is required from all applicants with a foreign education credential, and will be used to determine whether you meet the education requirement. If you do not submit the original ECA report when you apply, your application will not be considered for the next steps.
If you can demonstrate that you have a personal net worth of $50 million or more acquired through lawful, private sector business or investment activities, you can request an exemption from the education requirement when you apply, using the form provided by CIC.
You can also be inadmissible for security, health or financial reasons.
If you are inadmissible to Canada, you cannot apply under the Immigrant Investor Venture Capital Pilot Program as your application will be refused.